Calian Group (TSE:CGY) Sets New 12-Month High – Here’s Why

Shares of Calian Group Ltd. (TSE:CGY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$63.98 and last traded at C$62.83, with a volume of 13091 shares traded. The stock had previously closed at C$62.75.

Analyst Ratings Changes

Several brokerages have recently commented on CGY. CIBC upped their price target on Calian Group from C$62.00 to C$65.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, November 27th. Ventum Financial increased their target price on shares of Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. Desjardins boosted their price target on shares of Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. Finally, Canaccord Genuity Group upped their price objective on shares of Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Calian Group currently has an average rating of “Buy” and a consensus target price of C$64.40.

Calian Group Price Performance

The company has a market capitalization of C$718.89 million, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20. The stock’s 50 day simple moving average is C$56.29 and its 200-day simple moving average is C$52.65.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Wednesday, November 26th. The company reported C$1.00 earnings per share for the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. The firm had revenue of C$203.18 million during the quarter. As a group, equities analysts forecast that Calian Group Ltd. will post 4.9475219 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Calian Group’s dividend payout ratio is currently 63.64%.

About Calian Group

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.